Finance

After-hours buzz: KBH, WWE & more

Try which corporations are making headlines after the bell on Wednesday:

KB Home shares rose in late buying and selling after the corporate posted earnings above analyst estimates. KB House mentioned it noticed fourth-quarter earnings per share of 40 cents on $1.19 billion in income. Wall Avenue had projected it could report earnings of 39 cents a share on $1.15 billion in income, in keeping with Thomson Reuters.

Shares of PulteGroup, one other homebuilder, additionally ticked larger in prolonged commerce.

Shares of World Wrestling Entertainment gained in prolonged commerce after Guggenheim Securities initiated protection of the corporate with a “purchase” ranking and a $25 worth goal — which might indicate an upside of more than 30 % from the inventory’s Wednesday closing worth of $18.99. The agency mentioned that the WWE Community shouldn’t be solely rising subscribers, however doing so at a charge that outpaces the agency’s Netflix subscriber progress estimates by means of 2021.

Johnson and Johnson shares ticked larger in after-hours commerce following a Bloomberg report that the corporate and Actelion have reached a tentative settlement on a worth for an acquisition. The U.S. pharmaceutical firm’s talks to amass the Switzerland-based Actelion are mentioned to deal with the analysis and improvement unit, the report mentioned.

The iShares Nasdaq Biotechnology ETF (IBB) edged a contact larger in after-hours commerce, after falling practically three % on vital remarks throughout President-elect Donald Trump’s press convention.

— CNBC’s Evelyn Cheng contributed to this report.

Supply : http://www.cnbc.com/2017/01/11/after-hours-buzz-kbh-wwe-more.html

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